Sofitasa was founded in San Cristobal, Tachira State on January 15, 1990 by Dr. Juan Galeazzi and a group of Businessmen, who believed in the region's potentiality. They worked to create a solid economic engine that could finance regional projects without the need of depending on central systems that were mainly established in the capital of Venezuela, Caracas. This Bank succeeded the previous limited company, SOFITASA, a small financial institution created in the 80s also by Dr. Galeazzi. The financial institution soon after became a solid bank in the Andean region of Tachira, Mérida and Barinas, where its niche market is located. The bank started to grow by opening additional branches in all the main cities of the country. At the end of 2000 and beginning of 2001, Sofitasa Bank decided to expand its services by merging the commercial bank with its related divisions of leasing, real state, investments and infosystems to form a banco universal. This would allow the bank to perform all financial activities that the Venezuelan regulation allows, so it could easily compete in all banking sectors like commercial banking, investment banking, lending, etc. The bank has continuously grow to strengthen its position in the country to become the first regional commercial bank that was approved to be transformed into a universal bank in the western side of the country. In November of 2012, Dr. Juan Galeazzi, its founder and First President, past away. Consequently, Dr. Angel Gonzalo Medina, its former Vice-President took the lead of the bank to become the current President.
Bank Philosophy
Vision To be sustainable throughout the time as a leading regional financial institution that promotes growth and development in the country from the province. Philosophy Sofitasa is a regional financial institution with national presence that aims to contribute with the development of the country by satisfying the needs of its clients. The bank provides innovative products and services that add a superior value compared to the competitors. The bank implements a strong commitment to the economic well-being of the community while work with highly skilled human resources and the latest technology in the industry.
